Funding you earn now, next payment 21:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.006%
Price spread now: Bulk against Aster+0.010%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.150% of the position
Funding, last 3 days (all we have)+0.017%+$2 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.010%, 7d avg 0.000%
=Together, before fees+0.008%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster BTCUSDT | 87,271.9 | 0.0036 | pay 0.0036% / 8h | 3h 29m | $510.7M | $1.16B | 200x |
| Short | Bulk BTC-USD | 87,280.5 | 0.0090 | get 0.0011% / 1h | 29m 22s | $575.7M | $25.9M | 40x |
Aster BTCUSDT
Bulk BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.47
- Price spread: +0.010% → 0.000%
- $0.97
- Slippage, 4 orders
- −$0.04
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$2.61
- Costs to cover
- 0.150%
- Break-even
- 8.6 days
Slippage from Aster: live order book, 5 min ago; Bulk: live order book, just now.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aster live order book, 5 min ago | 0.01 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.9 bp −$486 | 6.7 bp −$3,327 |
| Sell Bulk live order book, just now | 0.01 bp | 3.5 bp −$4 | 3.5 bp −$35 | 3.6 bp −$360 | 3.9 bp −$1,949 |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | −0.0124% | 1h | 87,251.1 | −0.024% | $18.3M | $19.7M | 50x | as long as short |
| Phoenix BTC | −0.0123% | 1h | 87,236 | −0.041% | $2.2M | $12.0M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 87,237.8 | −0.039% | $425K | $25.9M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 87,242 | −0.034% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0053% | 1h | 87,113.2 | −0.182% | $85K | $188K | 20x | as long as short |
| ApeX Omni BTCUSDT | −0.0034% | 1h | 86,865.4 | −0.466% | $141.8M | $321.8M | 100x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 87,216.2 | −0.064% | $305K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0005% | 8h | 87,102 | −0.195% | $845.7M | $701.5M | 125x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 87,267.1 | −0.005% | $934.1M | $1.32B | 50x | as long as short |
| Phemex BTCUSDT | +0.0002% | 8h | 87,248 | −0.027% | $153.6M | $457.2M | 150x | as long as short |
dYdX BTC-USD
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
ApeX Omni BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
Phemex BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 87,113.3 | −0.182% | $36.9M | — | 200x | as long as short |
| BingX BTC-USDC | +0.0010% | 8h | 87,073 | −0.228% | — | $15.2M | — | as long as short |
| RISEx BTC/USDC | +0.0010% | 1h | 87,279.3 | +0.009% | $8.7M | $40.9M | 25x | as long as short |
| Bitget BTCUSDT | +0.0014% | 8h | 87,093.2 | −0.205% | $2.97B | $5.06B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0016% | 1h | 87,118.7 | −0.176% | $7.0M | $142.0M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0035% | 1h | 87,347 | +0.086% | $312K | $26.9M | 52x | as long as short |
| Aster BTCUSDTlong | +0.0036% | 8h | 87,271.9 | long leg | $510.7M | $1.16B | 200x | |
| OKX BTC-USDT-SWAP | +0.0038% | 8h | 87,094 | −0.204% | $2.62B | $12.68B | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0041% | 1h | 87,289.4 | +0.020% | $198.4M | $916.7M | 100x | as long as short |
| MEXC BTC_USDT | +0.0045% | 8h | 87,104.1 | −0.192% | $5.22B | $5.53B | 500x | as long as short |
| Binance BTCUSDT | +0.0047% | 8h | 87,091.2 | −0.207% | $9.56B | $24.08B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 87,100.1 | −0.197% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0059% | 8h | 87,116.6 | −0.178% | $5.93B | $10.50B | 200x | as long as short |
| SoDEX BTC-USD | +0.0075% | 1h | 87,241 | −0.035% | $61.1M | $336.4M | 40x | as long as short |
| Bybit BTCUSDT | +0.0077% | 8h | 87,080 | −0.220% | $5.33B | $9.60B | 150x | as long as short |
| Bulk BTC-USDshort | +0.0090% | 1h | 87,280.5 | +0.010% | $575.7M | $25.9M | 40x | |
| Variational Omni BTC | +0.0091% | 8h | 87,268.9 | −0.003% | $164.1M | $550.2M | — | as long as short |
| Orderly PERP_BTC_USDC | +0.0093% | 8h | 87,106.4 | −0.190% | $2.5M | $8.2M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 87,244.8 | −0.031% | $174.5M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 87,255.6 | −0.019% | $24.7M | $148.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,876.6 | −0.453% | $218.0M | $185.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 87,194 | −0.089% | $8.6M | $52.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 87,314.8 | +0.049% | $4.6M | $7.8M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 87,243 | −0.033% | $177K | $6.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 87,150.1 | −0.140% | $23.3M | $235.4M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 87,265 | −0.008% | $37.4M | $470.9M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 87,278 | +0.007% | $4.0M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 87,329.6 | +0.066% | $7.5M | $94.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 87,226.8 | −0.052% | $38.7M | $143.8M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 87,259.3 | −0.014% | $286.7M | $923.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 87,334.4 | +0.072% | $31.1M | $206.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 87,226.8 | −0.052% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 87,139 | −0.152% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 87,214 | −0.066% | $229K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 87,057.9 | −0.245% | $160K | $573K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 87,105 | −0.191% | $30.2M | $60.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 87,244.4 | −0.032% | $3.5M | $5.7M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 87,238.3 | −0.038% | $2.32B | $935.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 87,078.9 | −0.221% | $46.7M | $228.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 87,268.1 | −0.004% | — | $95.1M | 500x | as long as short |
| Hibachi BTC/USDT-P | +0.0120% | 1h | 87,261.3 | −0.012% | $630K | $6.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0125% | 8h | 87,341 | +0.079% | $9.2M | $715.6M | 6.4x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0136% | 1h | 87,288 | +0.018% | $132.8M | $5.99B | 50x | as long as short |
| BloFin BTC-USDT | +0.0164% | 8h | 87,279.7 | +0.009% | $423.5M | $638.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0179% / S −0.0206% | 1h | 87,111.4 | −0.184% | $14.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0261% | 1h | 87,196 | −0.087% | $3.95B | $5.00B | 40x | as long as short |
gTrade (Gains Network) BTC/USD
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
Kraken Futures PF_XBTUSD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Bybit BTCUSDT
Variational Omni BTC
Orderly PERP_BTC_USDC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC